Compare Analysis of St. Anne's with 5.38% APY and First Foundation Bank with 3.75% APY.
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE
All calculations are for demonstration purposes only."
- 1LOCAL CD$50,00013 Month5.38%N.A.$2,500Credit Union-SCENARIO
Year Rate
5.38%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,689 1,882 2 52,689 2,834 1,984 3 55,523 2,986 2,090 4 58,509 3,147 2,203 5 61,655 3,316 2,321 6 64,971 3,494 2,446 7 68,465 3,682 2,577 8 72,147 3,880 2,716 9 76,027 4,089 2,862 10 80,116 4,309 3,016 11 84,425 4,540 3,178 12 88,965 4,785 3,349 13 93,750 5,042 3,529 14 98,791 5,313 3,719 15 104,104 5,599 3,919 16 109,703 5,900 4,130 17 115,603 6,217 4,352 18 121,820 6,551 4,586 19 128,372 6,904 4,833 20 135,275 7,275 5,093 TOTAL $92,551 $64,785 - 2ONLINE SAVINGS$50,000N.A.3.75%7.93x (National Avg. - 0.47%)$1,000Bank-SCENARIO
Year Rate
3.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,875 1,313 2 51,875 1,945 1,362 3 53,820 2,018 1,413 4 55,839 2,094 1,466 5 57,933 2,172 1,521 6 60,105 2,254 1,578 7 62,359 2,338 1,637 8 64,697 2,426 1,698 9 67,124 2,517 1,762 10 69,641 2,612 1,828 11 72,252 2,709 1,897 12 74,962 2,811 1,968 13 77,773 2,916 2,042 14 80,689 3,026 2,118 15 83,715 3,139 2,198 16 86,854 3,257 2,280 17 90,111 3,379 2,365 18 93,491 3,506 2,454 19 96,996 3,637 2,546 20 100,634 3,774 2,642 TOTAL $54,408 $38,085